Victory Capital has applied to the U.S. Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tracking the Nasdaq Crypto Index (NCI).
- The Nasdaq-listed company filed an S-1 form to the regulator Wednesday, adding its name to a long list of crypto ETF hopefuls in the U.S.
- The SEC is currently reviewing over a dozen similar applications and is yet to approve a single one. Some applicants have had their approval windows extended more than once.
- Victory Capital revealed its plans to enter the crypto market in June through a private fund tracking the NCI aimed at accredited investors.
- The firm also announced its intention to launch private funds that mirrored equivalent Nasdaq indexes tracking the performances of bitcoin and ether.
Disclosure
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.